Wednesday's Notebook

July 3, 1986

Two Cleveland-area brothers who built their wealth developing shopping malls have acquired an exclusive option to buy a controlling interest in the troubled Cleveland Indians, the team said. Richard E. Jacobs and David H. Jacobs, who own Jacobs, Visconsi & Jacobs Co. of Westlake, Ohio, met with team chairman Patrick J. O'Neill, American League President Bobby Brown and city officials, and the deal was announced. The deal is not likely to be completed until November, O'Neill said. ''We want to assure the city of Cleveland and Indians baseball fans everywhere that it is our intention to keep the Indians in Cleveland.''